Director of Retirement
Listed on 2026-10-18
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Management
Regulatory Compliance Specialist, Financial Manager
The Massachusetts Port Authority is Going Above and Beyond for your career. We are a dynamic organization that connects people and businesses to the global community by air, land, and sea. Our employees are essential in moving planes, cargo, and cruise ships safely, efficiently, and sustainably. We are an economic engine, managing real estate assets where people live, work, and play.
Together, the properties we own and operate generate $20 billion for the region’s economy.
The Massachusetts Port Authority Employees’ Retirement System (MPAERS) was established on July 18, 1978, effective January 1, 1979 by enactment of Chapter 487 of the Massachusetts General Laws, to provide Massport employees and their beneficiaries with secure retirement, survivor, and disability benefits. MPAERS is one of 104 state and municipal systems in Massachusetts bound by Chapter 32 of the Massachusetts General Laws, which establishes benefits, contribution requirements, and an accounting and funds structure for all systems.
MPAERS is administered by a five-member board consisting of one ex-officio member, two elected members, one member appointed by Massport, and one member appointed by the four other board members. The board, while operating independently, is regulated by the Public Employee Retirement Administration Commission.
DIRECTOR OF RETIREMENTThe Director of Retirement provides strategic leadership for the operational, technical, organizational and financial administration, and investment activities of the MPAERS. The Director develops, implements and monitors strategies, policies, programs, standards and procedures to ensure compliance with Chapter 32 of the Massachusetts General Laws, Public Employee Retirement Administration regulations and MPAERS and Authority policies, as well as other Massachusetts and federal laws, rules and regulations.
The Director represents MPAERS in all aspects of leadership, management, strategic planning, communications, public relations and negotiations, as determined by the Board. The Director establishes organizational goals and objectives, manages implementation of MPAERS initiatives, business and technology planning and leading/motivating MPAERS staff.
ESSENTIAL JOB RESPONSIBILITIES Leads and directs the administration and operation of the MPAERS, a single employer defined benefit pension plan governed by Chapter 32 of the Massachusetts General Laws and regulations promulgated by the Public Employee Retirement Administration Commission (PERAC).- Oversees and ensures system compliance with Chapter 32 of the Massachusetts General Laws and PERAC regulations contained in 840 CMR plus MPAERS and Authority policies, as well as other Massachusetts and federal laws, rules and regulations.
- Oversees and is responsible for all finance related activities of the plan including investment and financial reporting, retiree payroll, tax reporting, warrant billings and membership record keeping for MPAERS.
- Responsible for coordinating and collaborating with MPAERS Investment Advisor(s), as well as overseeing and implementing investment strategies as approved by Board. Total investments of MPAERS were approx. $1b as of December 31, 2025.
- Leads, develops, recruits, engages, and evaluates team members, fostering a high-performing and engaged team.
- Plans, directs and monitors all membership and customer service functions. Membership functions include active member annuity savings fund account records and reporting, processing member account and service transfers to and from other systems, member account withdrawals including refunds and rollovers, counseling members on a variety of issues related to benefits, advising beneficiaries regarding death benefits, calculating retirement allowances including superannuation, ordinary and accidental disability allowances, termination allowances and the various survivor allowances, advising members on the allocation of benefits in a divorce and QDROs, retiree payroll processing, 1099R reporting, communications with the Social Security administration, and determinations with regard to prior service credit.
- Develops, collaborates and coordinates board meeting schedules and meeting, and agenda topics.
- Monitors the processes for ensuring the accuracy all member calculations including deduction postings, make-up, redeposit and military buyback payments, credible service transfers, employee withdrawals, and retirement allowance calculations.
- Directs the planning, preparation, maintenance and…
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